Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This book focuses on the World Bank projects, led by the author, based on computable general equilibrium models of international trade policy. The chapters show an unusual combination of policy relevance, advice and impact, with academic rigor and international trade theory insights. The author discusses some of the policy contexts for the requests from developing and transition countries to the World Bank, the key trade theory or policy insights, policy recommendations and conclusions, and the policy impacts. Sample Chapter(s). Chapter 1: Introduction and Overview (283 KB). Contents: Introduc

Commercial policy. --- International trade --- Computable general equilibrium models. --- CGE models --- Equilibrium models, Computable general --- General equilibrium models, Computable --- Econometric models --- Foreign trade policy --- International trade policy --- Trade policy --- Economic policy --- International economic relations --- Econometric models. --- Government policy --- Commercial policy --- Computable general equilibrium models --- E-books

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Equilibrium (Economics) --- Computable general equilibrium models --- Economic History --- Business & Economics --- CGE models --- Equilibrium models, Computable general --- General equilibrium models, Computable --- Econometric models --- Mathematical models. --- Mathematical models --- Developing countries --- Emerging nations --- Fourth World --- Global South --- LDC's --- Least developed countries --- Less developed countries --- Newly industrialized countries --- Newly industrializing countries --- NICs (Newly industrialized countries) --- Third World --- Underdeveloped areas --- Underdeveloped countries --- Economic conditions --- Econometric models.

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

We develop a micro-founded general equilibrium model with heterogeneous agents to identify pertinent constraints to financial inclusion. We evaluate quantitatively the policy impacts of relaxing each of these constraints separately, and in combination, on GDP and inequality. We focus on three dimensions of financial inclusion: access (determined by the size of participation costs), depth (determined by the size of collateral constraints resulting from limited commitment), and intermediation efficiency (determined by the size of interest rate spreads and default possibilities due to costly monitoring). We take the model to a firm-level data from the World Bank Enterprise Survey for six countries at varying degrees of economic development—three low-income countries (Uganda, Kenya, Mozambique), and three emerging market countries (Malaysia, the Philippines, and Egypt). The results suggest that alleviating different financial frictions have a differential impact across countries, with country-specific characteristics playing a central role in determining the linkages and tradeoffs between inclusion, GDP, inequality, and the distribution of gains and losses.

Financial services industry --- Income distribution --- Gross domestic product --- Computable general equilibrium models. --- Distribution of income --- Income inequality --- Inequality of income --- Distribution (Economic theory) --- Disposable income --- Services, Financial --- Service industries --- CGE models --- Equilibrium models, Computable general --- General equilibrium models, Computable --- Econometric models --- Domestic product, Gross --- GDP --- Gross national product --- Econometric models. --- Developing countries --- Emerging nations --- Fourth World --- Global South --- LDC's --- Least developed countries --- Less developed countries --- Newly industrialized countries --- Newly industrializing countries --- NICs (Newly industrialized countries) --- Third World --- Underdeveloped areas --- Underdeveloped countries --- Economic policy --- Computable general equilibrium models --- E-books --- Finance: General --- Labor --- Macroeconomics --- Money and Monetary Policy --- Industries: Financial Services --- Macroeconomics: Production --- Financial Markets and the Macroeconomy --- Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: Other --- Macroeconomic Analyses of Economic Development --- Economic Development: Financial Markets --- Saving and Capital Investment --- Corporate Finance and Governance --- Comparative Studies of Countries --- Labor Demand --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Aggregate Factor Income Distribution --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Labour --- income economics --- Finance --- Monetary economics --- Self-employment --- Credit --- Financial inclusion --- Collateral --- Money --- Financial markets --- National accounts --- Financial institutions --- Self-employed --- Loans --- Philippines --- Income economics

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This paper develops a structural macroeconometric model of the world economy, disaggregated into forty national economies. This panel dynamic stochastic general equilibrium model features a range of nominal and real rigidities, extensive macrofinancial linkages, and diverse spillover transmission channels. A variety of monetary policy analysis, fiscal policy analysis, spillover analysis, and forecasting applications of the estimated model are demonstrated. These include quantifying the monetary and fiscal transmission mechanisms, accounting for business cycle fluctuations, and generating relatively accurate forecasts of inflation and output growth.

Free trade. --- International Monetary Fund. --- World Bank. --- Finance --- Business & Economics --- International Finance --- Capital movements --- Monetary policy --- Fiscal policy --- Business cycles --- Econometric models. --- Tax policy --- Taxation --- Capital flight --- Capital flows --- Capital inflow --- Capital outflow --- Flight of capital --- Flow of capital --- Movements of capital --- Government policy --- Economic policy --- Finance, Public --- Balance of payments --- Foreign exchange --- International finance --- Economic forecasting --- Computable general equilibrium models --- Panel analysis --- Econometric models --- E-books --- Panel studies --- Social sciences --- Statistics --- CGE models --- Equilibrium models, Computable general --- General equilibrium models, Computable --- Methodology --- Banks and Banking --- Econometrics --- Exports and Imports --- Investments: General --- Macroeconomics --- Inflation --- Bayesian Analysis: General --- Multiple or Simultaneous Equation Models: Models with Panel Data --- Model Construction and Estimation --- Forecasting and Other Model Applications --- Price Level --- Deflation --- Business Fluctuations --- Cycles --- Financial Markets and the Macroeconomy --- Monetary Policy --- Fiscal Policy --- Open Economy Macroeconomics --- Empirical Studies of Trade --- Investment --- Capital --- Intangible Capital --- Capacity --- Macroeconomics: Consumption --- Saving --- Wealth --- Computable and Other Applied General Equilibrium Models --- Interest Rates: Determination, Term Structure, and Effects --- International economics --- Econometrics & economic statistics --- Banking --- Terms of trade --- Return on investment --- Consumption --- Dynamic stochastic general equilibrium models --- Central bank policy rate --- National accounts --- International trade --- Econometric analysis --- Prices --- nternational cooperation --- Saving and investment --- Economics --- Interest rates --- United Kingdom --- Nternational cooperation